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April 2009

Building Success in Challenging Times

Building success and wealth is a process; it is not based on luck, or being in the right place at the right time. Individuals who become successful and wealthy and remain so do it with a plan, no matter what business they enter. We’ve all seen the person who has the Midas touch—every business he goes into rockets to the stratosphere. If you sat down with such a person and asked what were the most important things he did to make each of those businesses successful, here is what he would answer:

Becoming Bankable

Trucking is a risky business. The one who knows this better than anyone else is the owner of a small trucking company. Equipment is expensive to acquire and maintain, revenue is elusive, (here one day; gone to a cheaper hauler the next), and the liability risk is astronomical with one’s drivers constantly one vehicle away from a lawsuit eleven hours a day. Added to this, anyone with a CDL and a few thousand dollars can be trucking in just a few weeks, regardless of his knowledge of the business of trucking.

Green Hauling

April 22 is Earth Day—a day when we all stop for a moment to consider our impact on the environment. Earth Day organizers encourage us to use reusable grocery bags and to turn off unnecessary lights to conserve energy. But for truckers, being green has benefits above and beyond the environmental impact. By adopting environment-friendly strategies, we can not only help the environment, but also save money. And, let’s be honest, that’s the green that we really care about.

Dealing with Fatigue

Truck driver fatigue is one of the most serious safety issues facing the transportation industry today. Federal Motor Carrier Safety Administration studies show that more than 750 fatalities and 20,000 injuries are caused by commercial driver fatigue each year.

The Trucking Boomers

As they reach retirement age, some Baby Boomers are finding that they need or want to continue working — 32% of workers aged 55-64 plan to push back their retirement because of financial concerns, according to the Bureau of Labor Statistics.